Indian renewable energy company ACME Group has raised $488m from infrastructure investor REC for a green hydrogen and ammonia project in Oman.
ACME said it would use the money to establish the first phase of a project in Duqm, Oman, that could initially produce 100,000 tonnes of green ammonia annually.
The World Bank has predicted that conflict in the Middle East could lead to a dramatic spike in oil prices, which is linked to increases in food prices - however it's argued that the forecasts do not take into account the ability of energy storage to meet demand
US offshore wind is beset by economic challenges, but this shouldn’t blind the sector to the potential for incorporating green hydrogen production into project plans
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